Arca Continental initiated with a Hold at Jefferies

Jefferies initiated coverage of Arca Continental with a Hold rating and MXN 180 price target. New strategic agreements with Coca-Cola are driving higher capex, growth and return on invested capital for the bottlers, the analyst tells investors in a research note. The firm says the Latin America bottlers among the first globally to reach new strategic agreements with Coca-Cola. It says this brings more clarity and certainty to profitability levels.